Don't try to find an ICO. Find an IEO. I personally would advise you learn trading more actively then IEO investing. This is a way to earn much more significant profit but you need to get some strong skills.
IEO is the same as ICO but it gets guarantee from the exchange site to be listed instantly. Investing in IEO that runs on the crap exchange site will also bring you to the big loses.
It doesn't need a lot of skill but it's better to participated in IEO that runs on the major exchange site.
with the latest developments IEO indeed aims to update and improve with a more reliable goal. but if you look at its development it seems that what you say is the truth. IEO's investment in a bad exchange site cannot solve the things that happened when ICO began to be abandoned because of a lot of fraud.
but the reality is that many IEOs are starting to follow suit like ICO, so it seems that this dilemma continues.
I agree that if I participate in IEO, it should be on a proven exchange site to reduce dishonesty. but once again IEO is also not a guarantee and still must be analyzed properly.